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Postbank earned regulatory approval in South Africa to offer financial advice and services, advancing its transformation and inclusion goals.
Postbank has been licensed as a financial services provider by South Africa’s Financial Sector Conduct Authority, allowing it to offer regulated financial advice and intermediary services.
The approval, granted after meeting strict governance, compliance, and consumer protection standards, marks a key step in the state-owned bank’s five-year transformation plan.
Deputy Minister Mondli Gungubele praised the milestone as evidence of improved stability and progress toward becoming a fully-fledged commercial bank.
The license supports financial inclusion, particularly for social grant recipients, and paves the way for Postbank to pursue a full banking license from the South African Reserve Bank.
Postbank obtuvo la aprobación regulatoria en Sudáfrica para ofrecer asesoramiento y servicios financieros, avanzando en sus objetivos de transformación e inclusión.